Journal of Economics and Development Studies

Estimates of Factors That Can Affect the Performance of Economic Growth
Gail G. Fulgham, Dorian Williams

Abstract
There are many factors that can contribute to economic growth. However, this research will focus on factors that play an important role in the local, community, and state growth. This paper examines how economic determinants will influence the Gross Domestic Product (GDP) by using the generalized least square (GLS) technique. This model examines the investment of education along with the Aggregate Demand and Aggregate Supply models to determine the effects of taxation and trade decisions on economic growth. Thereby, a clearer interpretation can be used to determine their influence on GDP. Further, this analysis (1) identifies the educational importance towards the quality of workforce implementation and (2) reinforces the influence of taxation, job growth and trading of goods and services on GDP. By recognizing the economic influence of each of these variables, policy makers can gain a better understanding towards creating and maintaining economic prosperity.

Full Text: PDF     DOI: 10.15640/jeds.v3n1a12